Beekman Investment Partners III, LP, a leading private equity firm based in New York, announced that an affiliate has made a majority investment in Another Broken Egg of America, LLC, a premier “better breakfast” restaurant brand.
Private-equity firm Roark Capital Group has made a takeover bid valued at more than $2.3 billion for Buffalo Wild Wings, The Wall Street Journal is reporting.People familiar with the matter told The WSJ that Roark offered more than $150 a share in recent weeks.
News that Buffalo Wild Wings could be dealt to Roark Capital Group for some $2.3 billion shook up the stock market on Monday afternoon. But what would it mean exactly for the classic chain, not to mention the restaurant industry as a whole?Jim Badum, executive vice president of client partnerships at Ansira, the second largest independent CRM firm in the U.
The American restaurant industry, long shrouded by economic rain clouds, saw glimmers of sunshine break through the gloom in October.On Thursday, TDn2K released its latest Restaurant Industry Snapshot, a weathervane for the food business that aggregates weekly sales from 30,000 restaurants.
Bloomin’ Brands confirmed to the Tampa Bay Business Journal that it laid off 55 employees on Wednesday. The casual dining parent, which operates Outback Steakhouse, Bonefish Grill, Fleming’s Prime Steakhouse, and Carrabba’s Italian Grill, told the publication the layoffs affected different levels of the company, and that Bloomin’ planned to support the employees in their transition with severance packages.
Shares of DineEquity soared early Thursday following its third-quarter earnings, perhaps injecting some much-needed optimism into one of America’s iconic casual dining leaders.The parent company of Applebee’s and IHOP saw its stock rise as much 10 percent to start the day.
US Foods Holding Corp., one of the largest foodservice distributors in the United States, announced results for the third quarter and first nine months of fiscal 2017.Third Quarter HighlightsTotal case volume increased 2.
Red Robin will hit pause on its growth come 2018, halting future openings and turning its focus inward for 18–24 months, CEO Denny Marie Post said late Monday afternoon. Along with disappointing metrics that underwhelmed Wall Street, the news sent shares of the casual dining brand plummeting after hours.
Although 220 Denny’s restaurants were impacted by Hurricane Harvey, Irma, and Maria in Texas, Florida, Georgia, South Carolina, and Puerto Rico, the chain still posted positive sales gains for the third quarter.
Ruth’s Hospitality Group, Inc. reported unaudited financial results for its third quarter ended September 24.Highlights for the third quarter of 2017 were as follows:The company reported net income of $1.
Chuy’s Holdings Inc.’s stocks are up more than 8 percent heading into the lunch hour after the brand reported Thursday that despite an estimated $1.2 million loss in both sales and incremental costs associated with hurricanes Harvey and Irma, revenue grew by 7.
Investments made by Bloomin’ Brands to improve the customer experience at Outback Steakhouse has resulted in the first quarter of improved traffic since 2016.Same-store sales were up 0.6 percent at the steakhouse chain, while traffic increased 0.
Salis Holdings announced the acquisition of Ted’s Bulletin, adding to the rapidly growing list of hospitality brands acquired by owner Steve Salis and his executive team under his holding company. Ted’s Bulletin, with five locations across D.
MacKenzie River, the flagship restaurant of the Glacier Restaurant Group, has shown strong growth since it was established in 1993, with the ambiance of the greater Northwest. The casual rustic atmosphere that depicts the heart and soul of the Rocky Mountains continues to appeal to guests nationwide as the restaurant chain expands in new and existing markets while opening four new locations in 2017: Rapid City, SD; Crestview Hills, KY; Las Vegas, NV; and Beavercreek, OH.
Four Corners Property Trust, a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties, announced the acquisition of five Red Lobster properties in Ohio (2), Michigan, Pennsylvania, and Georgia for $19.